JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Variational Omni against Orderly+0.233%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.233% dearer against Orderly than usual: you sell high and buy low, +$23 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_JUP_USDC	0.2990	0.0099	pay 0.0049% / 4h	3h 29m	$31K	$52K	10x
Short	Variational Omni JUP	0.2997	0.0100	get 0.0050% / 4h	3h 29m	$736K	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Variational OmnibpOrdersPrice spread, now +0.233%Rate

Funding earned: $0.29
Price spread: +0.233% → 0.000%: $23.26
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $17.56
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, just now	4.99 bp	doesn't fit	38.3 bp −$383	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

JUP on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective JUP/USDC PERP	−0.4049%	1h	0.3006	+0.535%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0608% / S +0.0214%	1h	0.2991	+0.024%	$13K	—	100x	as long as short
Gate JUP_USDT	−0.0104%	4h	0.2992	+0.067%	$751K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.3003	+0.428%	$45K	$396K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3009	+0.645%	$58K	$13K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2990	+0.011%	$17K	—	150x	as long as short
dYdX JUP-USD	+0.0046%	1h	0.3011	+0.702%	$39K	$41K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2998	+0.251%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0094%	8h	0.3005	+0.513%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3009	+0.645%	$935K	$1.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_JUP_USDClong	+0.0099%	4h	0.2990	long leg	$31K	$52K	10x
Nado JUP-PERP	+0.0100%	1h	0.2997	+0.242%	$600K	$667K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3005	+0.498%	$19.2M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3006	+0.527%	$109K	$369K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.3007	+0.566%	$286K	$175K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2988	−0.067%	$16.6M	$56.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2986	−0.134%	$16.8M	$24.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2986	−0.134%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2990	0.000%	$8.2M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3005	+0.502%	$4.2M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2986	−0.134%	$5.8M	$8.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2988	−0.067%	—	$21.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3010	+0.672%	$993K	$271K	10x	as long as short
Variational Omni JUPshort	+0.0100%	4h	0.2997	+0.233%	$736K	$1.2M	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3001	+0.368%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2997	+0.234%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3004	+0.465%	$94K	$140K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2999	+0.301%	$113K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3011	+0.702%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3003	+0.421%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2986	−0.118%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0124%	4h	0.3003	+0.435%	$869K	$277K	50x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.3004	+0.452%	$27K	$19K	5x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2986	−0.127%	$2.2M	$542K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3009	+0.645%	$75K	$95K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0283%	1h	0.3009	+0.636%	$608K	$623K	20x	as long as short